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> The entire economy feels like it is in recession > My subjects for the 2011 HSC:

and they smell too right

I agree with what your sentiments and Warren Buffets re; gold. But not everyone wants to invest in real assets/commodities, and some simply can't. That's the thing about gold - its purpose is not productive, it is not to generate value. It's simply to store it. You cannot deny its importance in...

m8 you work in finance and did commerce, you should know that an efficient/practical/sustainable medium of exchange and store of value (such as gold) must be infinitely/highly divisible, fungible, durable etc. Thus, in terms of meeting these criteria, it is quite clear that gold > .... > steel ≥...

Australia being shit at footy

An injunction will. Let's get these kids into the litigious mindset early on.

how about them bendigo bank stocks garygaz

ugh

carpet bombing

im investing in rocket fuel so i make a killing when all the smart people leave this planet oh wait

invest in bismuth

tax land Why? Also, if corporate tax were to ever be abolished it'd be accompanied by government abandoning a lot of areas of spending.

If your argument is that it has something to do with income tax, federal income tax receipts rose every year from the initiation of the tax cuts (which were in general, not just for the rich) in 2003 to 2007. If your argument is that giant corporations are tax evaders, welcome to the real world...

So you're saying that this massive meltdown was all because the US government's taxation regime wasn't effective (or rather extractive) enough? wat

The perpetual inability of governments to "properly" implement Keynesian economic policies hardly vindicates its practical or theoretical merit. it is pragmatically disproven post 1973

cosmo kramer with the triple post an opinion, a joke, and a nazi reference bos hero

I'm not saying it would work, or that it's a good idea, or it's not fucking insane. Just saying the US stimulus was Keynesian-lite. I think the actual figure "should have" been like $1.7trn or so. Just goes to show that Keynesian stimulus is not the correct response to massive asset...

letting creative destruction do its work is a pretty hard platform to push unfortunately oil

m8 even you can admit that in a Keynesian framework the US stimulus package was pathetically small. it was supposed to plug the output gap but was only a third to a half the size necessary to do so. this isn't a vindication of stimulus spending, rather it is quite obvious that it is incredibly...

scuba_steve, the only lesson we learned in the 1970s was that oil exporting arabs are cunts and the phillips curve had to be adjusted for expectations and short-term long-term dynamics (dynamics being anathema to Keynesian economics this is hardly surprising) although the US Federal Reserve...